Overview
Business Solutions' purpose is to originate small business loans and communicate the benefits offered by Business Solutions' products and services to Navy Federal Credit Union's prospective members. Follow up with members to respond to inquiries and questions related to business products and services. Communicate Navy Federal business services products and services to generate a consistent and ongoing flow of new business loan applications and closings.
The Summer Associate would contribute to managing several tasks that are part of the loan cycle. These tasks would require direct communication with peers, partners, and members. The Summer Associate will assist with creating, managing, and reviewing various reports via multiple systems. The Summer Associate will also be tasked with identifying and assisting with process improvement projects, which will be assigned based on the needs of the business unit at that time.
The Summer Associate Program is a 12-week internship program beginning in May 2024 and ending in August 2024. Students will work on impactful projects and meaningful work during their internship. To qualify, applicants must be currently pursuing a degree from an accredited college or university and have an anticipated graduation date of December 2024 or after.
Responsibilities
Identify communication gaps between business partners and with members to implement corrections or efficiencies.
Monitor loan system queues and other databases to create or adjust reporting for tracking and accountability.
Review procedures, training material, and reports related to the loan application and closing process to create and assist with updates to resources as needed.
Identify, investigate, and resolve discrepancies/processing problems to include documentation on time-sensitive issues.
Interact with members, other staff, and outside contacts to resolve discrepancies, communicate project updates, and request feedback.
Remain alert to possible account fraud/abuse; forward to the appropriate area for review/action, assist with reviewing records and documents for potential fraud/abuse patterns.
Ensure adherence to established Navy Federal Business Solutions policies and procedures.
Maintain daily, weekly, and monthly activity logs.
Perform other related duties as assigned.
Qualifications
Must be pursuing a degree in or related to Accounting, Finance, Business Administration/Management, Project Management/Process Improvement, and Information Systems Management
Ability to work independently and in a team environment
Ability to quickly adapt to change
Basic sales and consulting skills
High proficiency in the use of technology
Effective organizational, planning, and time management skills
Effective skill in maintaining accuracy with attention to detail and meeting deadlines
Ability to manage multiple priorities independently and/or in a team environment to achieve business objectives
Effective skill in exercising initiative and using good judgment to make sound decisions
Effective research, analytical, and problem solving skills
Effective skill in applying research and interpretation of findings to respond to requests for information
Effective skill in following, interpreting, and applying relevant data/instructions to guidelines, procedures, practices, and regulations
Effective verbal and written communication skills
Hours: Monday - Friday 8:00AM - 4:30PM
Location: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Dr Pensacola, FL 32526
Navy Federal is now hybrid! Our standard enterprise requirement for a hybrid schedule is to report onsite 4-16 days each month. The number of days reporting onsite will ultimately be determined by the employee's leadership and business unit needs. You will learn more throughout the hiring and onboarding process.
About Us
You have goals, dreams, hobbies, and things you're passionate about-what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them-friends, family, and passions. And we're looking for team members who are passionate about our mission-making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:
- Military Times 2022 Best for Vets Employers
- WayUp Top 100 Internship Programs
- ForbesR 2022 The Best Employers for New Grads
- Fortune Best Workplaces for Women
- Fortune 100 Best Companies to Work ForR
- ComputerworldR Best Places to Work in IT
- Ripplematch Campus Forward Award - Excellence in Early Career Hiring
- Fortune Best Place to Work for Financial and Insurance Services
Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
REQNUMBER: 14105-OTHLOC-300000025810540
